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Punjab and Sind Bank (PSB) Home Loan, Interest Rate and EMI Calculator Jan 2019

(Updated on 12.01.2019) Punjab & Sind Bank Home Loan EMI Jan 2019 – Get Instant Quick & Easy Approval on Punjab and Sind Bank Home Loan. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of✓Interest Rate✓Loan Tenure✓Processing Fee✓Eligibility✓Best Offers & more.

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Punjab & Sind Bank Home Loan

Punjab and Sind Bank was mainly formed with the aim to uplift the weaker sections of the society in Punjab by providing all kinds of financial supports. Punjab and Sind Bank Home Loan can be availed to purchase plots for construction of houses, construction /renovation/ repair/alteration/addition to house/flat and also to buy a fully constructed home.

Punjab and Sind Bank Home Loan is offered to every class of people at its reasonable and affordable rates of interest and has varied home loan benefits to please you. Know your home loan eligibility with Home Loan Eligibility Calculator and get the perfect home loan which suits you.

Punjab & Sind Bank Home Loan Interest Rate

Interest Rate 8.85% Onwards
Processing fee range 0.15% of the loan amount, subject to minimum of Rs. 1000/ and maximum of Rs. 3750/
Loan Amount Rs. 20 lakhs & above
Tenure 15 years to 40 years

Punjab & Sind Bank Home Loan EMI Calculator

Punjab and Sind Bank Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Punjab & Sind Bank Home Loan Eligibility

  • Individuals, Group of individuals, and individual members of housing societies are eligible.

  • Minimum age of the applicant should be of 18 years.

  • For construction of house or purchase of house/ flat/ Plot: No maximum limit

  • For repairs / renovation / additions / alterations: Maximum Rs. 20.00 lac.

  • The security for the loan shall be equitable or registered mortgage of the property.

  • For Co-borrower: Third Party Guarantee may be waived.

  • For all cases: guarantee of spouse or Major son may be clubbed.

  • In cases, where sale deed/ lease deed/conveyance deed is to be registered after a considerable gap like in cases of Installment/construction linked plan e.g. Authority/ Society/ Builder’s flats/plots: Guarantee of earning spouse/ major son or suitable third party guarantee must be obtained.

Punjab & Sind Bank Home Loan Documents Required
  • Proof of identity and residence: Aadhaar card, Voter’s ID card, Passport, PAN card, etc.

  • Proof of income: Pay slips of the last 3 months for salaried person, and proof of business existence for professionals and businesspersons.

  • Proof of Residence: Recent Telephone Bill/Electricity Bill/Property Tax Receipt/ Passport/Voter’s ID

  • Form 16 or Income Tax Return for all borrowers

  • Bank statement for the last 6 months for salaried persons and profit-loss balance sheet for the last 3 years.

  • Application form with photograph

  • Cheque for the processing fees.

  • Proof of Business Address for Businessmen & Industrialists.

  • Proof of Employment for salaried class.

  • Proof of other income like rent, interest on investment, if any.

Punjab and Sind Home Loan PrepaymentsNo Pre-payment charges.

Punjab and Sind Bank Home Loan MCLR January 2019

Loan Tenure MCLR
Overnight 8.00%
1 Month 8.20%
3 Months 8.40%
6 Months 8.65%
1 Year 8.85%

Punjab and Sind Bank Home Loan Interest Rates January 2019

Loan Amount Rates of Interest (p.a.)
Up to Rs.75 lacs  One Year MCLR 
Above Rs.75 lacs

One Year MCLR + 0.25%

Punjab and Sind Bank Home Loan Margin January 2019

i) For Purchase of Plot only, offered / allotted by Govt. authorities and/ or Builders who are Bank’s borrowers:

  • 25% of the Cost of plot up to a finance amount of Rs.100 lac upfront.

  • 40% of the Cost of plot for the finance amount over and above Rs.100 lac upfront.

ii) For Construction or for Purchase of Plot & Construction:

a) For purchase of plot: 40% of the cost of land / plot upfront.

b) For construction:

  • 10% of the value of construction.

  • 20% of the value of construction.

  • 25% of the value of construction.

iii) For Purchase of Built up dwelling unit:

  • 10% of the total value of property.

  • 20% of the total value of property.

  • 25% of the total value of property.

iv) For Extension / Renovation /Repair:

  • 10% of the total estimated cost.

v) For Purchase of Flat from Society/ Builder:

  • 10%of the total value of property.

  • 20%of the total value of property.

  • 25%of the total value of property.